Uphold is a digital money platform where users can buy, convert and store a wide range of assets. Not only does this virtual support 8 popular cryptocurrencies, but you can also exchange more than 20 fiat currencies and 4 precious metals.

But is Uphold the right wallet for your crypto holdings? To help you make up your mind, we’ve compiled this review of its features, fees and pros and cons.

Cons

You may not be able to access all account funding methods in your country of residence

Conversion fees apply when buying or converting between currencies

Other wallets support a wider range of cryptocurrencies

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.

What is Uphold?

Uphold is a cloud-based financial services platform that supports more than 30 currencies (both fiat and crypto) and is available to users in over 180 countries. This digital wallet is designed to make it quick and easy to store assets, send funds to other Uphold users around the globe and instantly exchange between currencies.

Operating on a 100% reserve model, Uphold backs all member stores one-for-one with its own holdings. Since its launch in 2015, the platform has supported more than US$3 billion in transactions. Uphold is headquartered in the United States.

Compatible with:

Web browsers

iOS 9.0 or later

Android 4.1 and up

How much does it cost?

It’s free to sign up with Uphold and create a wallet. However, depending on the funding method you select, you may need to pay deposit and/or withdrawal fees.

Fees and limits on Uphold

Uphold’s Canadian users can deposit either through credit card or debit card. Keep in mind that bank transfers are only available through SEPA for EU residents or through ACH for US residents.

Update – July 2018: GBP bank deposits and withdrawals are temporarily not supported until further notice.

Deposit method

Fee

Limit

Debit/credit card

3.99%

Minimum: $50/€50/£50 per day

Maximum: $500/€500/£500 per day

Bank transfer (ACH)

Free

Minimum: $50 per day

Maximum: $500 per day

Bank transfer (SEPA)

Free

Minimum: €75/£100 per transaction

Bitcoin (BTC)

Free

None

Litecoin (LTC)

Free

None

Ethereum (ETH)

Free

None

Basic Attention Token (BAT)

Free

None

Bitcoin Cash (BCH)

Free

None

Dash (DASH)

Free

None

Bitcoin Gold (BTG)

Free

None

Ripple (XRP)

Free

None

Withdrawal method

Fee

Limit

Debit/credit card

–

–

Bank transfer (ACH)

$3.99 flat rate

Minimum:

$50/day

Maximum:

$10,000/day

Bank transfer (SEPA)

$3.99 flat rate

Minimum: €10/£20 per day

Maximum: €50,000/£50,000 per day

Bitcoin (BTC)

0.0003 BTC plus $2.99 flat rate

Minimum: 0.00001 BTC

Litecoin (LTC)

0.003 LTC plus $2.99 flat rate

Minimum: 0.25 LTC

Ethereum (ETH)

0.005 ETH plus $2.99 flat rate

Minimum: 0.001 ETH

Basic Attention Token (BAT)

10 BAT plus $2.99 flat rate

–

Bitcoin Cash (BCH)

0.0003 BCH plus $2.99 flat rate

Minimum: 0.00001 BCH

Dash (DASH)

0.0003 DASH plus $2.99 flat rate

(Dash InstantSend transactions attract a 0.001 DASH fee)

Minimum: 0.0001 DASH

Bitcoin Gold (BTG)

0.0003 BTG plus $2.99 flat rate

Minimum: 0.0001 BTG

Ripple (XRP)

0.1 XRP plus $2.99 flat rate

Minimum: 0.001 XRP

When you buy a currency or exchange one currency for another, Uphold also imposes a conversion fee. The fee that applies varies based on the currency used.

Currency

Conversion fee

USD, EUR, GBP

0.65%

JPY, CHF, MXN, CAD, AUD, NZD, HKD, SGD, DKK, NOK, SEK

0.95%

PHP, PLN, AED, ARS, BRL

1.15%

CNY, INR

1.4%

BTC

1.05%

ETH, LTC, BCH, XRP

1.4%

BAT, BTG

1.95%

DASH

1.25%

Precious metals

XAU (2.05%) ; XPT (3.95%)

XPD (3.05%) ; XAG (3.65%)

Which currencies can I store?

Uphold supports the following cryptocurrencies:

Bitcoin (BTC)

Litecoin (LTC)

Ethereum (ETH)

Basic Attention Token (BAT)

Bitcoin Cash (BCH)

Dash (DASH)

Bitcoin Gold (BTG)

Ripple (XRP)

You can also use Uphold to store the following fiat currencies:

Australian dollars (AUD)

US dollars (USD)

Euros (EUR)

British pounds (GBP)

Chinese yuan (CNY)

Japanese yen (JPY)

Swiss franc (CHF)

Indian rupee (INR)

Mexican pesos (MXN)

Canadian dollars (CAD)

Hong Kong dollars (HKD)

New Zealand dollars (NZD)

Singapore dollars (SGD)

Kenyan shillings (KES)

Israeli shekel (ILS)

Danish krone (DKK)

Norwegian krone (NOK)

Swedish krona (SEK)

Polish zloty (PLN)

Argentine peso (ARS)

Brazilian real (BRL)

United Arab Emirates dirham (AED)

Philippine peso (PHP)

Precious metals are also supported, including:

Gold (XAU)

Silver (XAG)

Platinum (XPT)

Palladium (XPL)

How do I add currency to my wallet?

There are multiple funding options available with Uphold including bank transfer, credit/debit card deposit and cryptocurrency transfer. However, the options available to you may vary depending on where you live. For example, if you’re a Canadian user, bank transfers aren’t available, so you’ll need to use either the cryptocurrency deposit or credit/debit card option.

Quick guide: How to add crypto to your Uphold wallet

To add cryptocurrency to your Uphold wallet, you’ll need to:

Choose the Uphold money card you want to use and click “Add Funds”.

Select the “Fund with cryptocurrency” option.

Choose the cryptocurrency you want to send.

Copy your wallet address or scan the QR code.

Use this information to initiate the funds transfer from your external wallet.

Team security. Uphold also claims that its staff must adhere to strict security measures, for example undergoing thorough background checks and using two-factor authentication on all administrative accounts.

Regulation. Uphold is regulated by the United States Treasury Department regulator, FinCEN, and in Europe, it’s partnered with an Authorized Payment Institution regulated by the UK Financial Conduct Authority. As Uphold is a regulated financial service provider, it must also comply with global anti-money laundering controls.

Where can I get Uphold?

It’s free to sign up for an Uphold web wallet at uphold.com. If you want to manage your cryptocurrency on the go, mobile apps are available for download from Google Play (for Android devices) or the App Store (for Apple devices).

Pros and cons

Pros

Supports multiple cryptos, fiat currencies and precious metals

Easy to set up and use

Mobile apps also available

Supports two-factor authentication

Quick and simple to send funds to any other Uphold user around the world

Cons

You may not be able to access all account funding methods in your country of residence

What are the next steps if I want to sign up to Uphold?

If you’d like to sign up for an Uphold account, click one of the green “Go to site” links on this page and you’ll be securely redirected to the Uphold website. You can then register by providing your email address, country of residence and mobile number.

Frequently asked questions

Uphold is available to users in a long list of countries around the world, including Canada. You can find a full list of supported countries on the Uphold website. However, residents from the following countries can’t access Uphold’s services:

Central African Republic

Cuba

Iran

Libya

North Korea

Somalia

Sudan

Syria

Bank account deposits and withdrawals are currently not available for Canadian residents.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.

Disclaimer - We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. If you are unsure you should get independent advice before you apply for any product or commit to any plan.

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